Buy @ $3.53
Dropping with every buy…. low of $3.52 before it suddenly shot back up to $3.57 closer to 5pm and closing at $3.56… Phew… 😀
Suntec @ $1.78
A-HTrust @ $0.715
Sell @ $0.715
Not fully done, left one batch + 200 shares due to jokers transacting in 100 shares throughout the whole day… 😀
Changed my mind to hold for longer term after seeing the weaker results of CDL HTrust, FE-HTrust & FHTrust. Revenue from Singapore Hotel assets were lower by -10+ yoy, Australia assets did well but Revenue were ~6% lower due to weaker A$. The bright spot was Japan but Revenue ended up only +6% higher due to weaker JPY.
- CDL H-Trust : Gross Rent yoy
- Singapore -13%
- Australia -6.1%
- FE-HTrust : RevPAR -11% yoy (Singapore)
- FHT : Listed on 14-Jul-14
- Japan NPI +6% vs IPO Forecast
- Singapore & Australia Assets includes Serviced Apt
A-HTrust assets are Australia (63%), Singapore (15%), Japan (16%) & China (6%) by NPI. Assuming similar performance as the other 3 REITs, A-HTrust DPU will not be as badly impacted as Singapore assets forms a smaller portion. Further, the positive from the end of CCS unwinding will mitigate the negatives.
My projected DPU is now lower at 2.73ct to 2.8ct, giving a Yield @ $0.715 = 7.63% to 7.83%, improving to 8.34% to 8.57% in next HY (Sep) when we see the full impact of the CCS unwinding.
Still, I have decided to take profit first…
STEng @ $3.55
Buy @ $3.55
Average down the previous ones which I bought due to itchy fingers syndrome… BE average price is $3.60, more possible… 😀
From AR2014, big drop in Profits due to Aerospace & Land Systems segments,
Suntec @ $1.755
M1 @ $3.5367
M1 @ $3.555
Suntec @ $1.755
Buy @ $1.755
A new addition to my portfolio. Prices had been dropping fm $2 highs before their results on 23-Apr. DPU = 2.23ct, only slightly higher yoy = 2.229ct and a lot lower than qoq = 2.577ct. But, looking at the past 2 years of Quarterly DPUs, there seems to be income smoothing in action, with DPUs increasing from a low in Q1 and slowly increasing in Q2, Q3, with a bigger jump in Q4. Still prices continued to weaken after results and even after xd..
From the Yield POV, it ranks 7th (of 9) for Malls/Office REITs…. Not exactly a good Yield Play but more as an opportunistic buy during 9am matching as prices were lower… 😀
Sell @ $1.77
Jump-Q to sell during 5pm matching as it started matching at $1.785… too tempting for me… but, ended up with only Kopi-$$ as it finally matched lower… 😀
M1 @ $3.5767
Buy @ $3.58, $3.57
A new addition to my portfolio. There was a surprise increase of dividend payout from 80% (stated policy) to 100% for FY14 (annc on 19-Jan). This equates to a Yield of 5%+ and share prices hit ~$4. xd on 17-Apr saw prices dropping fm $3.87 to $3.60, a lot more than Div = 11.9ct.
The stated CAPEX planned for FY15 ($120M : $94.7M committed as of end Dec-14, inclusive of $64M for 4G Rights) is much lower than FY14 ($140M + $40M for Spectrum Rights) and some analysts are expecting Payout to be maintained at 100% for FY15 (Yield = 4.223% if Payout = 80% vs 5.28% for 100%). Q115 results on 13-Apr saw EPS = 4.9ct, better than Q114 = 4.6ct.
Too early for Yield Rotations Play as 1H is for Jun Q. But, looks like can buy for longer term… Possible threat will come from IDA releasing a 4th TELCO license… 😀